Nova Chemicals and Borealis AG have agreed to a joint venture with Total Petrochemicals that will include a 1.35 billion-pound-capacity polyethylene resin unit in Bayport, Texas, and a 2.2 billion-pound-capacity ethylene cracker in Port Arthur, Texas. Pending approvals, the JV will be established late this year, and the new PE plant would start producing Borealis' Borstar-brand PE resin in late 2020.
Total, Nova Chemicals and Borealis have agreed to form a 50-25-25 joint venture with the goal of building an ethane cracker and polyethylene unit in Texas. "This almost $2 billion investment signals our determination to strengthen our presence in the United States, where we have operated for 60 years and have more than 6,000 employees," said Total Chairman and CEO Patrick Pouyanne.
President Donald Trump signed a Congressional Review Act resolution on Monday repealing the Bureau of Land Management's Resource Management Rule, also referred to as the "Planning 2.0" rule.
The House Rules Committee on Monday approved for floor debate H.R. 1430, a bill calling for "transparent or reproducible" science in federal regulations that is sponsored by Rep. Lamar Smith, R-Texas. Today, the committee is expected to consider a bill that would revise guidelines for selecting members of the Environmental Protection Agency's Science Advisory Board.
The Maryland Senate has approved a bill banning hydraulic fracturing. The state will become the third to ban the drilling practice once Republican Gov. Larry Hogan signs the bill into law.
AkzoNobel said it will release a strategic blueprint next month that could include divesting its chemical division. The company has rejected takeover offers from PPG Industries.
Consumer optimism and spending is positive in the US and Europe, which is good news for chemical demand, says Sasol Executive Vice President of Chemicals Fleetwood Grobler. He also discusses Sasol's strategy for long-term growth and the state of the Lake Charles, La., project.
The Trump administration's focus on regulatory reform has created the perfect environment for Surface Transportation Board reform, writes Mike Walls of the American Chemistry Council. Competitive switching has backing from the Department of Agriculture, among other entities, and "allows rail customers to choose a rail carrier that provides the most competitive rates and best service," Walls writes.
President Donald Trump will issue an executive order affecting the Obama administration's climate change policies, including the Clean Power Plan, on Tuesday, according to Environmental Protection Agency Administrator Scott Pruitt and other sources.
The American Chemistry Council and other industry groups have criticized the Environmental Protection Agency's pre-prioritization proposal under Toxic Substances Control Act reform. The ACC noted several deficiencies, including the lack of a timeline and insufficient details and guidance.
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